The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

581 Bonita Street, San PedroCA, 90731(Residential Income)

A value-add opportunity in a primarily residential pocket of San Pedro. With SFR's up-and-down the street and a newer subdivision next door this asset is truly a ground-floor opportunity . . . as a multifamily asset or a development deal. The asset is made up of four 2 Bed/1 Bath units on a 5,097 square foot lot zoned LAR2. Separate gas and electric meters. Part of a 2 buildings portfolio - can be sold together or separately. 1401 S Pacific Coast Highway in Harbor City is the other building in the portfolio: 7 apt. units and 3 retail spaces listed at a 6.5% cap rate. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.

Price

Sold Price:$608,000Sold Date:11/09/2016

County:
Los Angeles

Sq ft:3,300 (approx)

MLS#: SB16169735

Status: Closed

Description

A value-add opportunity in a primarily residential pocket of San Pedro. With SFR's up-and-down the street and a newer subdivision next door this asset is truly a ground-floor opportunity . . . as a multifamily asset or a development deal. The asset is made up of four 2 Bed/1 Bath units on a 5,097 square foot lot zoned LAR2. Separate gas and electric meters. Part of a 2 buildings portfolio - can be sold together or separately. 1401 S Pacific Coast Highway in Harbor City is the other building in the portfolio: 7 apt. units and 3 retail spaces listed at a 6.5% cap rate. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.

Listing Information

Property Type: Cluster, 2 Story

Lot Size:0.11 Acres / 509,700 sq.ft.

Square Feet:3,300 (approx)

Price per Sq. Ft.:$184.24

Year Built:1964

Stories:2

Units:4 Total

Neighborhood

Room Information

Exterior / Lot Features

Pool:None

Pool Description:No Pool

Zoning:LAR2

Additional Exterior/Lot Features:Sidewalks,Curbs Walk

Driving Directions

Cross Streets: North Pacific Avenue

Financial Considerations

Tax/Property ID:
7448027002

AnnualIncome/Expense:
$46,920Income,$17,565Expense

Listing Price History

San Pedro Real Estate

San Pedro is located in California.
San Pedro, California 90731 has a population of 79,165.

The median household income in San Pedro, California 90731 is
$67,991.
The median household income for the surrounding county is $56,241
compared to the national median of $53,046.
The median age of people living in San Pedro 90731 is
41 years.

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Courtesy: RE/MAX Commercial & Inv Realty Brice Head;

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.